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April 29, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Providence, Business Loans > Textron Business Credit, Inc. Providence Business Loans > Dairy Queen Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Textron Business Credit, Inc. Provides SBA Loan to Buy Dairy Queen FranchiseBorrowing money to invest in a Dairy Queen franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA. Dairy Queen franchise loans are available to Stafford, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Business Credit, Inc., based in Providence, Rhode Island, issued an SBA franchise loan for a Dairy Queen franchise in 2002. We've got all the details on this Virginia small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender TEXTRON BUSINESS CREDIT, INC. This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/26/2002 Loan Approval Gross Amount $515,000 Loan Approval from the SBA Of the total $515,000 loan amount, the SBA guaranteed $386,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $515,000. How would you spend $515,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in Providence, Rhode Island
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